Did you make a list of financial resolutions or goals at the beginning of this year? Now is the time to either check the status of those goals or call a do-over and start again on June 1st – the mid point of the year.
In order to do a review, you must first take the time and do a financial assessment for where you are now –
TIP: The #1 way to improve your financial situation is to PAY ATTENTION!
Are you giving 10% off the top of each paycheck to your Church or, if you don’t belong to a Church, to a charity?
Do you have at least $1,000 in emergency savings?
Do you have a 3-6 month emergency fund established?
Do you intentionally have a line item in your budget for saving or do you just save whatever you can each month?
Are you paying all your bills on time each month?
Have you remembered to factor in a monthly line item for bills due quarterly or yearly?
Are you able to pay all your bills each month or do you find yourself stretched too thin?
What are you spending money on?
Are you being intentional with your purchases or giving into impulse buying?
DO you use the envelope system or some other way to track expenses?
Do you have a written financial plan for the next 6 months?
Do you have a 1 year, 3 year and 5 year plan?
Are your financial affairs in order?
Which of these categories needs the most attention RIGHT NOW?
Most importantly, do you have your budget done for June?
Remember that a budget is just a plan for your money. You tell the money where to go so you can stop wondering where it went.
Budgeting was and is the #1 tool we used to become and stay debt free.
So how are you doing so far? Are you meeting your goals or do you need to start over?
Remember, nothing changes unless you change.
If you need help with creating a budget, strategizing a plan to meet your goals or just some accountability to stay on track then you might consider financial coaching with me, Melissa the Coach!
You have options:
Contact me to schedule your FREE 30-minute initial consultation.
Schedule a one-hour coaching session. Availability is HERE
Sessions are $89 each and include a one-hour meeting ( via phone or in person) AND 4 weeks of email follow up.
Check out the RESOURCES page for more options to help you!